Cash gift will not fall within the ambit of clubing provision.
Cash gift will not fall within the ambit of clubing provision.
@ Subhash : there is no cash involved.
Salary (Cash or funds a current asset) are being transferred. That is the gift .
Therefore income from that gift is taxable.
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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Shyam Joshi & Associates
Pune
B.Com
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CAclubindia
